FDx Advisors Inc. Reduces Position in TransDigm Group Incorporated (NYSE:TDG)

FDx Advisors Inc. decreased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 5.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 211 shares of the aerospace company’s stock after selling 12 shares during the period. FDx Advisors Inc.’s holdings in TransDigm Group were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TDG. Private Advisor Group LLC increased its position in shares of TransDigm Group by 22.9% during the third quarter. Private Advisor Group LLC now owns 1,747 shares of the aerospace company’s stock valued at $2,494,000 after buying an additional 325 shares during the period. International Assets Investment Management LLC grew its stake in TransDigm Group by 108,517.8% during the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after acquiring an additional 48,833 shares in the last quarter. Brighton Jones LLC increased its holdings in TransDigm Group by 3.7% during the 3rd quarter. Brighton Jones LLC now owns 1,068 shares of the aerospace company’s stock worth $1,525,000 after acquiring an additional 38 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in TransDigm Group by 23.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 494 shares of the aerospace company’s stock worth $705,000 after purchasing an additional 94 shares in the last quarter. Finally, DT Investment Partners LLC boosted its holdings in TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the transaction, the director now owns 567,323 shares in the company, valued at $708,461,615.94. The trade was a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,647 shares of company stock worth $151,878,163. 4.09% of the stock is currently owned by company insiders.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,291.58 on Friday. TransDigm Group Incorporated has a fifty-two week low of $1,136.27 and a fifty-two week high of $1,451.32. The business has a 50 day moving average price of $1,306.06 and a 200-day moving average price of $1,319.28. The firm has a market cap of $72.44 billion, a PE ratio of 45.56, a price-to-earnings-growth ratio of 2.82 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $7.16 earnings per share. Research analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TDG shares. Truist Financial upped their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Barclays restated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Finally, Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus price target of $1,462.35.

TransDigm Group Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.